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on refills advaircopd.com. ♪ . adam: welcome back to "money". the energy information administration recently made a prediction that grabbed headlines around the world. the united states it said will become the world's top oil producer by the end of this decade, 2020 but the eia is taking serious heat for that bold call. the association for the study of peak oil and gas says the eia must revise its prediction, claiming it creates a misleading picture of u.s. energy supplies. did the eia complete completely overshoot or will it prove spot on? we have a editor of the 7s report. thanks for showing up. the eia said the united states is on track to do this but where are they getting it wrong? are they confusing u.s. energy overall with just oil or are they making some other flaw in their logic? >> hi, adam. that is exactly right. so it is feasible by the end of this decade that the united states could be the world's largest energy producer but not the world's largest oil producer and you can see that just through the numbers. saudi arabia produces about 10 million barrels per day. we produce about
to me, gerri, here is an industry very successful portraying itself as green. we produce green energy. green energy, reduce co2 emissions. when you look at countries around the world, australia, new zealand, huge backlash in ontario, we're seeing backlash against the large wind projects going in all over the place. gerri: new york, you have an interesting example there. >> just last month lawyers filed in new york, lawsuits residents in herkimer county, north of albany, they filed a lawsuit, projects some are within 1,000 feet or so of residences emitting all noise, keeping them up and diminishing property values. they filed suit. it is indicative of the backlash. gerri: this is first time this will be heard in a court of law, the issue about the sound. >> in the u.s., yes. gerri: and seems to me, that is pollution. >> sure it is. that is the part, exposes the double-standard, gerri. it just drives me crazy. where is the sierra club? where is greenpeace, natural resources defense council, so-called environmental groups? why aren't they standing up for the small landowners? they are re
companies and energy that have done well and need capital. you can raise it or you can join forces with somebody else. very often the decision is to merge and not raise capital and take that risk. >> susie: and in tech what should they look for. tech is such a huge area we have a few seconds left what are your thoughts? >> look at the base companiesan. the kind of service that's county of victoria to their -- o their base line services. >> thanks bob, have a greatweek. bob pr profusek. >> susie: the price of gold fell slightly today, as the fiscal cliff drama in washington continues to weigh on markets and confidence. gold slipped almost $8 to $1,655. for the year, gold is up about 5%, half the gain in the s&p 500. but as erika miller reports, some gold bugs believe next year will be far better for the precious metal. >> reporter: if you got gold jewelry as a holiday gift, it may be more than something beautiful to wear. it may also prove to be a shining investment. some gold traders think the yellow metal could hit $2,000 an ounce next year. the reason? >> monetary easing. all the
to exercise and new members coming in of. the club has that buzz about it and increased energy. >> one of the hardest part of resolutions is sticking with it. there are things you can do to keep yourself motivated. >> one of the keys is setting a goal, writing it down, and looking at it every day. it helps keep the focus. >> she says another key is priorities. switching of the type of exercise you do from -- and taking different class is to to be interested in coming back. >> joining a club like this, it is easy to stay motivated when others are trying to do the same thing. >> most people openly have one reason for making resolutions. >> to make me a better person. >> each year, 1 gets the distinction of being the first baltimore baby. this year, it is scott michael. born at 2;26 this morning. he weighs 7 pounds, 6 ounces. his parents thought he would arrive last year but things didn't interesting turn on sunday. >> i have a baby shower and two hours later, i went to the hospital because my water broke. they kept me. >> did i say 2:26? i meant to say 12:26. the staff said they always l
energy companies that are creating jobs, it would extend unemployment insurance to 2 million americans who are actively looking for jobs out there. i have to say that ever since i took office, throughout the campaign, and over the last couple of months, my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain or whatever you want to call it, that solves the deficit problems in a balanced and responsible way that does not just deal with taxes but also spending so that we can put all this behind us and focus on growing our economy. with this congress, that was obviously too much to hope for at this time. [laughter] maybe we can do it in stages. we will solve this problem instead in several steps. in 2011, we started reducing the deficit through $1 trillion in spending cuts which have taken place. the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades so that would add additional hundreds of billions of dolla
. boom. they are preserved. pretty good, right? there's more. and this one is for you renewable energy enthusists out there. the production tax credit has been extended for a whole year. that's a big deal and other kinds of renewables like biofuels, energy efficient homes also got funded as well as research for renewables which again is something that clean energy advocates have been pushing for. those things are what democrats got. what did the republicans get? well, not a whole lot. the debt ceiling was not resolved, so i suppose they got the ability to be able to still argue for cuts for the debt ceiling. so we'll put the debt ceiling in their camp, because they can still hold the country hostage that way, and they also defeated -- you remember that president obama had asked for $50 billion for an infrastructure bank in his first ask? infrastructure bank. and they also got that taken off of the table. so essentially that's a win. they got that taken away. by the way the infrastructure bank would have been a great thing for this country. so we didn't get absolute
of a glorious past. and some parts of the city bustle with holiday energy. but not far away: closed-up storefronts. and, further below the surface, this: a health clinic set up by the greek branch of the international aid group, doctors of the world to serve the country's newly poor. dr. nikitis kanakis is its director. >> brown: kanakis group, in fact, had to cut back some of its work in africa because of the needs at home. here in perama, unemployment tops 50% as the shrinking economy has crippled much of the local shipping industry. at the same time, the deeply indebted greek government has made dramatic budget cuts, including to health benefits. the combination has left many here without access to private or public care. and that's meant a stunning rise in disease and mortality rates. >> brown: economists, of course, speak of a different kind of necessary medicine: the kind a deeply indebted nation must take. the price for living and consuming well beyond its means for far too long. >> the medicine is necessary. it was, though, delivered very abruptly. >> brown: as a government
to get to the next level. exploration and production companies and energy that have done well and need capital. you can raise it or you can join forces with somebody else. very often the decision is to merge and not raise capital and take that risk. >> susie: and in tech what should they look for. tech is such a huge area we have a few seconds left what are your thoughts? >> look at the base companiesand the peripherals they need. the kind of service that's county of victoria to their -- connect to their base line services. >> thanks bob have a greatweekend. bob pro profusek. >> susie: the price of gold fell slightly today, as the fiscal cliff drama in washington continues to weigh on markets and confidence. gold slipped almost $8 to $1,655. for the year, gold is up about 5% half the gain in the s&p 500. but as erika miller reports some gold bugs believe next year will be far better for the precious metal. >> reporter: if you got gold jewelry as a holiday gift, it may be more than something beautiful to wear. it may also prove to be a shining investment. some gold traders think the yel
. there is a reason and flipping the switch. >> 90% of the energy is wasted. what they've replaced them with a much more energy efficient bulbs that are just as good and will save you money over the long run. >> most bulbs must use 27% energy by 2014. here are two replacements. >> they do not get bright instantly. >> and led's. >> they use about 75% less energy and produce as much light. >> they are expensive but prices are dropping. the future is dim for incandescent bulbs. the government will turn out the lights for those in 2014. kurt gregory, wbal-tv 11 news. >> a close look at the job market in 2013. jane king has the bloomberg business report. >> good morning. are you thinking about getting a new job fast? 1 in 5 plans to start looking in the next three months. fewer than half expect a pay raise next year. next may be the iwatch. apple is working with intel on a bluetooth watch expected to come out this summer. it will send and receive e-mail and facebook alerts. there is even a tiny speaker and a microphone. investors are concerned that going over the fiscal cliff would hurt the economy. a b
album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. we don't let frequent heartburn come between us and what we love. so if you're one of them people whgets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur gerri: big tax hikes set to take effect on january 1. what is the most important one to worry about? we will tell you after the break. stay with us gerri: you make it, they take it. 23.8% is the raise that policymakers will see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute. i would like to show people what we're talking about. he gets confusing for people. we have a current tax rate, 15%. on january 1, the capital gains tax rate will jump to 23.8%. i talked to a lot of my friends and they say that's not a big dumb. what you say? >> it is a big jump. if you add state taxes on top of that, the united states will be up to 20%.
talked about today was energy. i'm from an energy state and the energy committee and his actions are different than his words. he continues to block the keystone pipeline which would help us in terms of energy security and bringing more jobs to america, so his words are very different than his actions and we see it again on energy, with his policies. >> so, senator barrasso, thank you so much for being here. congressman labrador, both of you come back. i appreciate it. >> thanks. >> up next, the odds and costs of diving over the cliff with "time" magazine's michael crowley, a.b. stoddard of the hill, karen tumulty of the "washington post" and cnns's jessica yellen. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to g
? >> harris: a lot of energy spent on all this going back and forth. in fact, leading republicans suggesting a great deal of time has been wasted on politics. >> that is precisely right. they note that the house republicans tried to address the issues this summer and voted to extend all of the bush tax cuts and voted on an alternative to the automatic spending cuts that are due to kick in in the new you year and today the top senate republican said why wasn't this addressed months ago? >> we wanted an agreement. but we had no takers. the phone never rang. and so now here we are five days from the new year and we might finally start talking. >> so clearly a lot of blame game back and forth between republican and democrats but perhaps most importantly a white house meeting tomorrow with all of the key players face to face with the president. harris? >> they are talking. now, if we could just get them to talk to each other. the president and senate already returned and now we know house lawmakers due you to come back on sunday. >> there was a quarterback between the house gop leadership and ran
extend tax credits for clean energy companies that are creating jobs, it would extend unemployment insurance to 2 million americans who are actively looking for jobs out there. i have to say that ever since i took office, throughout the campaign, and over the last couple of months, my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain or whatever you want to call it, that solves the deficit problems in a balanced and responsible way that does not just deal with taxes but also spending so that we can put all this behind us and focus on growing our economy. with this congress, that was obviously too much to hope for at this time. [laughter] maybe we can do it in stages. we will solve this problem instead in several steps. in 2011, we started reducing the deficit through $1 trillion in spending cuts which have taken place. the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades so that would add additio
a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. .> you are watching wbal >> good evening. thank you for staying up late. we begin tonight with news that hillary clinton has been admitted to a hospital in new york. doctors discovered a blood clot during a follow-up exam today. he would not say where the client is located. -- the blood clot is located. she suffered a concussion several weeks ago after fainting while recovering from a stomach virus. she is supposed to return to work tomorrow. in 24 hours, america goes after a bridge over the fiscal cliff. the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to
. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example
master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. ♪ now got to cut loose, foot loose ♪ >> the music. >> here we go again, it's mine now, bob. a special live sunday edition of "the five." 2012 has been busy with a lot of news and we've covered it all on "the five." let's take a look the at the highlights. ♪ ♪ >> we are just one day from the iowa caucus, we have the latest poll numbers that show this race is anything, but over. >> the idea that anybody could predict what's going to happen in november today is crazy. >> rick santorum said, i'm from pennsylvania, i have experience with blue collar voters. >> why you refer to president obama as the food stamp president. >> more people have been put on food stamps by barack obama than any other president in history. >> and knocking one of the questions out of park. >> what newt gingrich was saying, there's no future for kid in a classroom. >> there's a coalesces behind romney. >> who better at this juncture. >> we don't have to
to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example, if one mem
thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. >> a recently released document showing a rare glimpse into a two day visit to the united kingdom made by former president ronald reagan, back in 1982, including a case of, well, bruised feelings after president reagan apparently failed to reply in a timely manner to a personal invitation sent directly to him from queen elizabeth ii. the royal insiders say invitations like this usually gets a response within a matter of hours or days at the very most, but seems the president let it languish for weeks. the papers show a glimpse into the british government's response. they revealed that lawmakers, including former prime minister margaret thatc
, holding stocks hostage, down fifth day in a row. energy stocks notably weak again today. six down days in a row so check out the energy select spider exchange traded fund. it's xle, and it's basically a proxy for the energy complex, oil producers, service providers, pipeline operators, and xle, as you see, up 1.25%. in terms of the individual names, exxon mobile down 1.5%. chevron down 1.5%. total down 2%. conoco phillips 1%. red arrows across the board. congressional leaders meeting at the white house right now, and there is -- the question is is there any chance there's a deal before we hit the cliff, or do we just hunker down and wait for spring? gosh, i hope not. lance roberts, ceo of street talk, joining me in a fox business exclusive. lance, thank you. look, they are meeting in washington now. i don't know whether we should be excited or not. what do you think is the outcome? when do you think we'll get something done? >> not until after the first of the year. ashley: what! how late into the new year do you think? >> well, here's the bottom line, as we look at this and what is go
master while recording my debut album. how u ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because your daughter really wants that pk castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committee chairwoman pushing for a short-term extension to avert the cliff. but if that does not happen, no prices -- milk prices to go up to $8 per gallon. the supermarket group on how this is going to turn consumers soured. you bet that would. that's about double. >> i
about we won independence, energy independence in this country. gosh, it just seems like all of that is movi in the right direction. >> yes. we are projected to overtake saudi arabia and oil production in the next couple decades, precisely because of this palm. if you go out to places like north dakota, fo instance, which is about the balkan shale formation, uc -- it's incredible you have towns of 1 percent unemployment rates. north dakota has the lowest. tom: new york and california with all kinds of oil under their feet and they won't take it. >> that's right. you have groups of using the legal system, trying to up suits either prevent this from happening or tighten up regulations will bring regulation faugh to the federal level. it's a shame. as you know, these towns that have really been very -- hit very hard would do very wellif we expanded this pactice. tom: it would provide jobs, money, taxesnd all that. laughlin from the heritage. thank you. appreciate. >> thank you for adding me. tom: well, martin class by a teacher with no class. of for wearing a mitt romney t-shirt
around energy. we are producing more energy and america can become an energy exporter. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. >> joining me now, former spokesman for the democratic congressional campaign committee, doug thornel, republican media consultant kim, and my colleague at "the washington post" and white house reporter david knanakamura. doug, i want to start with you. the president's first-term agenda really was health care, and then he had to deal with the economy. >> right. >> so, health care, yes, but the rest was kind of set for him. how long does his second term really last before we bad political reporters start talking about 2016, and what are the one or two things you think are possible to get done or he should get done as a guy who's really looking to burnish his legacy as much as get re-elected? >> i think as much as up to midterm. >> it will last. >> yeah. i think immigration reform is huge. i think there's an openi
commissions or other groups, you mentioned the energy air force base. during the reagan administration, a great big commission that found a solution for social security, these were big public fora where discussions were held with the public and now everything seems to be happening behind closed doors. why could openness happened in years past and today we can not seem to get to deal? >> in large measure because the media has so changed. in those days, you did not have 24-hour coverage. what you find with 24-hour coverage if an idea services, at -- surfaces, at 10:00 a.m., it is dead by 2:00 p.m. because everybody goes to the cameras. the cameras are there. ever-present and wanting to hype something. before you debate it is dead. you really see that around here. >> there has been a fair bit of criticism of the president for not embracing the findings of that commission. what is your take? >> i advised the president not to embrace the specifics because i feared if he did, house republicans would automatically be in opposition. if you are part of the bowles- simpson commission you saw
really led to an energy rest of renaissance in this country. that is exactly where we wanted to go, and now, it is really entering the public lexicon. matt damon is out with a movie on fracking, he was on letterman last night about that movie out today. >> you know, it's tough when you go into these communities. the first thing we were shooting a crazy way of hanging onto way of life that they might lose otherwise. >> it's very tough. gerri: hasn't this been unlocking an economic juggernaut? for so many families across the country? >> it can revitalize the entire economy. we could be on the wave of new prosperity for everyday people. not as rich people. everyday people. because of the job creation potential of domestic energy resources. we turn natural gas into transportation fuel, what a deal that would be. tell the opec nation that we don't want your oil anymore. we are producing methanol or gasoline from natural gas. we are going to keep the money in this country, invested over and over again, create jobs and counties that haven't seen job creation in decades to end this would j
eastern sections of north carolina. as this energy works its way offshore, we'll be watching for the energy to travel from the midwest further off to the coast. chicago, you're getting light snow at this hour. you're getting plenty of snow across western pennsylvania, but i want to zoom into areas in the northeast where we're expecting the snow to accumulate going through much of. evening hours. so we have winter weather advisories across the heartland all the way down through the mountains of virginia, and then you can see, we have four to six inch bes for much of new york state as well as into connecticut and new york. not necessarily new york city getting as hard-hit with this storm. several inches expected. what's fastcinating when talkin about a nor'easter system, as it develops off the coast, depending where the low pressure is centered, that will determine how much snow cities like boston and providence get. but the latest computer modelling are saying we could see six inches or more for the boston area. that's why a winter storm warning is now in place. so the snow wi
for in 2013. harris: there are three you said. what are they? >> housing, energy and huge amount, trillions of dollars sitting on the sidelines by corporate america, waiting to come into the economy once this picture clears up. harris: we're getting housing numbers coming this week already. we're starting to see prices rose a little bit this fall. that is a good sign. we're seeing housing starts have come up as well. so i understand that. energy. >> energy is a game-changer, it really is. we look what is going on around the world. the europeans, far east, they're paying over $17 a btu for natural gas. we get it for $3 in this country. dow chemical just proposed building the largest chemical plant it has in the world here in this country because of the competitive advantage of natural gas. imagine if we could liquify, ship it to europe, ship it to the far east. not only would we have a huge impact on trade balance but actually help the economies out too. game-changer. harris: you mentioned cash on the sidelines. where is that coming from? >> corporate america and consumers, and we saw it thi
want to switch topics. he has also been a big step in of energy policy -- champion of energy policy. discovery of natural gas in your state has changed the economy. where do you think this new discovery of this resource is going to lead us? >> i did it is incredibly positive for the united states. we of gone from 60% foreign energy dependence down to 40%. there are a lot of projections now the we could become energy independent over the next several decades. that would be an incredible boon to this country. instead of sending $400 billion or five order billion dollars abroad every year to buy scarce energy supplies for people who do not particularly like us, we could be spending that at home. think of the difference that will make to the economic strength of united states. think about what it will mean to job opportunities, the economic strength of america. natural gas is a very clean resources compared to many of the other options. our progress . on reducing dependence has also been on grenoble's. -- progress on reducing dependence has also been on renewables. all across north dako
, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ phillips' lady ] live the regular life. phillips'. >>> a big programming note to mark down. president obama will speak to nbc's david gregory on "meet the press" this sunday. it is obviously a critical moment for the economy, so you are going to want to tune in. "meet the press" is sunday morning. we be right back. [ thunder crashes ] [ male announcer ] if you think all batteries are the same... consider this: when the unexpected happens, there's one brand of battery more emergency workers trust in their maglites: duracell. one reason: duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. so, whether it's 10 years' of life's sunny days... or... the occasional stormy one... trust goes a long way. duracell with duralock. trusted everywhere. >>> in 2009, presid
? >> well, i guess the temptation is to say this is going to use up all the energy and fighting spirit of the white house but the president has four years, maybe two, maybe one before the mid terms, one after. i think that there's a legacy situation in play here and so i'm pretty sure that he is going to want to not leave huge debt and there is also a situation where what's good for him is also good in some respects for republicans. so do republicans want immigration reform before the next election? do they want to dig out of the hole they're in with hispanic voters? so there is some mutual interest. i think that gun fight is going to be very difficult but i think that's something that we're going to see, if it doesn't happen this year it may happen the next year or the year after. it is just something that i think the president will want to leave office having achieved. so nothing is going to be easy. we'll have very many brinks, you know, and a lot of fighting over principles which is not a bad thing but i think ultimately a lot of these issues will be addressed. >> david, sequestrat
? tracy byrnes? the list is said. did you have a stronger dollar against the euro >> energy pricing is losing ground after jumping 3%. we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is negative sentiment crude-oil prices down when typically during of big storm prices would go up but they're dropping because there is fear we will enter a recession and the country will struggle and they say if we enter the new year we will see higher taxes, lower home values in people struggling. it is not a good. they say that's speaker boner will cave in and we will not get a good deal. >> calls it these oil cliffhanger. >> it is rattling explaining why a trading vol
flight. >> and harn es -- harness our technology for new energy solutions. >> the people of boeing are looking to tomorrow to build a better tomorrow. >> that's why we're here. >> additional corporate funding is provided by -- prudential financial. additional funding is provided by the annenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again live from washington, moderator gwen ifill. gwen: good evening. 2012 was a remarkable year one that was shaped by other exploration of america's essential divide, red vs. blue, yes. but also red vs. red. congress vs. the white house and when it came to foreign policy, whether and how to intervene. we begin, of course, with election 2012. >> thank you, new hampshire. tonight we made history. he is the worst republican in the country to put up against barack obama. >> if you've got a business, you didn't build that. >> president obama promised to begin to slow the rise of the oceans and to heal the planets. my promise is to help you and your family. >> when
and cleleads uo a path in january. the agenda set out there in energy independence, education, what they want to do can still be well addressed. i believe it dmeepends on how t next few days work out. if they can't address the fiscal cliff, there's no way they can address the grand bargain or debt ceiling. i think they are going to do it, quite frankly. >> really, a pleasure talking to you both. enjoy the new year. you are enjoying family time and keeping your eyes on the redskins. i won't say which is which. happy new year. >> office politics the lester holt now. he tells us about two stories he will never forget. also, he will talk about his love of music. you know that little 50-pound thingy at the doctor's office when they weigh you, and they have to move it over? my doctor does not have to do that anymore. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. feels great. simple. effective. take that, 50 pound thingy. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. [ bu
ffom the pits of the cme. sandra: this from a late government report on energy supplies. normally we get a crude oil report on wednesday but because of the christmas holiday we got it today and we are a few minutes from the close of the trading session for crude oil. it has been quite a week. the second straight day of losses but still hanging on to the $90 market. this crude-oil inventories key, showing the size of crude oil setting a nine month high, that would be good for gasoline prices to go lower. this isn't always a good sign about the economy. in the face of the fiscal cliff there is concern about what will happen with taxes and american consumers income in the new year. they're backing off of energy consumption. that is leading to lower prices. for the trading, overall volume is half of its 100 a average. we're seeing light participation in those markets and as of today crude down 8%. we are watching natural-gas prices as whether roles throughout the country. folks are using more natural gas pushing prices up, contrary to crude-oil prices going down, the energy report is dai
will continue to receive tax credits for the research they do, the investments they make and the clean energy jobs they create. and 2 million americans who are out of work but out there looking pounding the pavement every day are going to continue to receive unemployment benefits as long as they're actively looking for a job. but i think we all recognize this law is just one step in the broader effort to strengthen our economy and broaden opportunity for everybody. the fact is the deficit is still too high. and we're still investing too little in the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path that paying down its debt while also putting americans back to work, rebuilding our roads and bridges and providing investments in areas like education and job training. unfortunately there just wasn't enough support or time for that kind of large agreement in a lame duck session of congress. and that failure comes with a cost, as the messy nature of the proce
weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. they don't help single moms. hi! hi! [ sarah ] what happened to our house last year? [ daughters ] it flooded and the water flooded out. yeah. [ sarah ] the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and take care of them. you know? i feel like we've come full circle. [ daughter 1 ] like that! [ daughter 2 ] this is how i'll do it. [ sarah ] there you go. >> bret: peter lanza the father of newtown shooter adam lanza claimed his son's body. no word when they were claimed or the plans for a funeral service. it could be months before they produce a final report on the investigation. union inf
beings have what i call discretionary not. -- energy that they can give you or not. and i don't think they will give it to you if they don't feel that they're treated with dignity and respect every day. if people can say i'm treated with dignity and respect, a down payment on that is nobody ever gets hurt here because we care about our own commitment to our safety and we care about the people we work with, and it swells up into everything you do so it creates a sense of pride about the organization you're involved in. >> and then you start asking them for increased productivity and increased -- >> they give it to you. you don't actually have to ask for it. you need to turn them loose. >> describe how alcoa did over the course of your tenure. >> well, we went from 1.86 for 100 workers per year having an injury that caused them to miss a lost work day. we got to 0.13. to give you a reference point, the number in health medical care institution in the united states is 5. right. >> and now describe what happened to alcoa commercially, financially under your tenure. >> well, i think we imp
talked last night about energy reform, he talked about gun control, he's talked about immigration. a lot of his political capital is going to be used in the next 60 to 90 days on these budget wars. >> that's right. and these budget wars don't knowsly amount to legacy. here's a president who came in like most presidents thinking about a legacy, thinking about history. of course i think obama care will be part it haof it but i t he's looking at immigration and energy, a lot of thing he's wasn't able to do in the first term, to get them done in the second term. a lot of bad blood there between obama and the republicans but also some bad blood there between obama and the democrats. not a lot of -- i think not a lot of improvement obama has shown over he's last weeks in terms of his relationship with congress. i think that's something he certainly needs to work on if he's looking at legacy, if he's looking at these big ticket items to push them through in his second term. in a couple of months we'll have these big debates around the debt limit but quickly once 2014 comes around, we're going t
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